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North Milwaukee State Bank, Wisconsin's oldest minority-owned bank, said its longtime chairman Jimmie Nichols will retire Wednesday as a member of its board.

Nichols' retirement will coincide with the company's annual shareholders meeting. He has been a board member for more than 25 years and has served on the audit and compliance committee and the executive committee.

Milwaukee native Erbert Johnson was named North Milwaukee State Bank's president and CEO in January and he also serves on the bank's board.

The $81.1 million-asset bank also announced the relocation of its North 76th Street branch to 8200 W. Brown Deer Road in Milwaukee.

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